World Bank says India has huge potential, projects 7.3% growth in 2018
WASHINGTON: With an "ambitious government undertaking comprehensive reforms", India has "enormous growth potential" compared to other emerging economies, the World Bank said on Wednesday, as it projected country's growth rate to 7.3 per cent in 2018 and 7.5 for the next two years.
He said in comparison with China, which is slowing, the World Bank is expecting India to gradually accelerate.
"The growth numbers of the past three years were very healthy," Kose, author of the report, said.
In 2017, China grew at 6.8 per cent, 0.1 per cent more than that of India, while in 2018, its growth rate is projected at 6.4 per cent. And in the next two years, the country's growth rate will drop marginally to 6.3 and 6.2 per cent, respectively.
jagat-1 day ago
Economy of India is bound to improve under a sincere, honest and nationalist government led by Modi as against selfish, corrupt and anti nationalist upa government led by MMS. Make india free from corrupts and anti nationals. We will be in top five in the world.
Sandip-1 day ago
bad news for our khangress
Sham-1 day ago
The most strategical Prime minister of The Country so far.
India will shine anyways...
GoGo thinker-1 day ago
There you go. Modi is my hero and I fully trust and support him. If we give him one more term, he will take this growth rate to even 10%. Proud of him. Let''s see what the Modi haters have to say.
Madhu Kumar-1 day ago
Opposition will have sleepless night.
Kiran R Nair-PUNE-1 day ago
Every Indian should contribute for the growth not only Mr Modi.... then we can achieve 10% or more....
Sane-22 hours ago
Morons will now say Modi Govt has paid World Bank to project this way
Suj Sujata-New Delhi-23 hours ago
honest effort by govt, no doubt!!